Burton Property Group Closes On Recapitalization With Partnership

Burton Property Group (BPG), a privately-held real estate investment, development and operating company based in Mobile, has closed on a $123-million recapitalization of four stabilized retail assets in partnership with Peaceable Street Capital (PSC), a national provider of structured capital to middle-market real estate operators. BPG says the transaction strengthens its balance sheet and unlocks significant equity, positioning it to accelerate development across its active pipeline. The recapitalized assets—composed of more than 750,000 ft² of institutional-grade retail—are located in high-growth Southeastern markets and anchored by a mix of national and regional tenants. The deal was structured with preferred equity provided by PSC, enabling BPG to retain ownership while gaining flexibility to deploy capital into new developments and acquisitions. The recapitalization is to help advance BPG’s portfolio of industrial and mixed-use developments, including the 1,300-acre South Alabama Logistics Park, which serves the Port of Mobile, and River Walk Plaza, a forthcoming mixed-use destination along Mobile’s downtown waterfront.